More on the FOMC announcement: In addition to the now-customary dissent by the Kansas City Fed...
More on the FOMC announcement: In addition to the now-customary dissent by the Kansas City Fed chief was a dissent by St. Louis' Jim Bullard. Whereas Esther George is concerned over too high a level of monetary accommodation, Bullard apparently feels just the opposite. He believes the FOMC "should signal more strongly its willingness to defend its inflation goal in light of recent low inflation readings." Bernanke's press conference is about to get underway.
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